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Colombia’s benchmark COLCAP — the basket of the most liquid blue chips on the Bogotá exchange — eased 0.87% on July 9, a soft close that masked an unusual internal split.
The oddity was Ecopetrol: the state oil champion that normally sets the index’s direction rose 3.50% to 2,515 pesos, yet the board still finished lower as miners, financials and food names leaked.
The real signal sat in the currency. The peso rallied hard, with USD/COP closing near 3,282 — down 1.81% on the day and pressing the strong end of its 52-week band, the dollar’s weakest reading against the peso in the range.
